Relevant:
- Foreclosure Settlement A Budget Godsend For Some States
- Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds
- $25B deal with banks over deceptive foreclosure practices sent to AGs as settlement nears
- Foreclosure Windfall May Help U.S. States Prop Up Budgets, Tear Down Homes
- Mortgage settlement between banks, states 'close'
2012-06-08 — ml-implode.com
I asked a homeowner who follows my blog, "So, what do you think about the states diverting funds from the settlement to cover the state budget deficits?" She replied, "The settlement is a joke." Â (Not that she was laughing.)
...
It's not like any of the states have the foggiest idea on what to spend the money in order to help those in foreclosure. So, what would they have done with it anyway?
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